Saturday, July 5, 2014
Does Angie's List Offer Any Value?
With Amazon.com (NASDAQ: AMZN ) expected to enter the local services space this year, it suggests taking the time to recheck the prospects of Angie's List (NASDAQ: ANGI ) if Amazon.com sees the space as valuable. Angie's List went public back around the same time as Yelp (NYSE: YELP) , but the results have been dramatically different for the related local service stocks.
From the beginning, the free-to-join platform of Yelp scaled quicker and attracted more users, but in the end, Angie's List had the higher-quality paid and verified members. In that way, it's the ultimate tortoise versus the hare scenario. Yelp has quickly amassed 132 million monthly users, and Angie's List is stuck with only 2.6 million paid members. Will the paid members eventually have more value?
Read the full article here.
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